The Mumbai-based startup’s submit-cash valuation now stands at round $34 million. (Representative picture)
Subko has raised USD 10 million in a fundraising spherical led by Zerodha cofounder Nikhil Kamath at a valuation of roughly USD 34 million.
Subko, a specialty espresso roaster and craft bakehouse based mostly in Mumbai, has raised USD 10 million in a fundraising spherical led by Zerodha co-founder Nikhil Kamath at a valuation of roughly USD 34 million.
The funding spherical was backed by the Blume Founders Fund, The Gauri Khan Family Trust, Priya and John Abraham, Sangita Jindal, Srinivas and Pallavi Dempo, and The Mehta International Mauritius Limited Group, a press release mentioned.
The Mumbai-based startup’s submit-cash valuation now stands at round $34 million. The funds will likely be used to boost the expertise pool, develop tech-enabled buyer experiences, bolster product and design analysis and improvement, and launch prepared-to-drink espresso merchandise, it mentioned, the corporate has mentioned.
“Nikhil’s participation is not just an investment but a testament to our brand’s potential. His genuine desire to enable the growth of homegrown Indian brands and ability to intertwine complex value judgments in consumer markets aligns perfectly with our mission. I am also deeply grateful to all the investors as well who have supported us before Nikhil’s arrival on board,” Subko CEO Rahul Reddy mentioned.
Kamath is moreover an investor in Third Wave Coffee, a competitor of Subko, and boasts a various funding portfolio encompassing firms throughout a number of sectors.
“It is paramount that a distinctive Indian brand like Subko leads the way in delivering our unique, curated experiences to the world. My journey with Subko, transitioning from a customer to an investor, has given me unique insights into the brand’s evolution and potential,” Kamath mentioned.
